KSA to spend $186bn for upgrading utilities
Most of the upgrades will take place in the next twenty years
Saudi Arabia will spend more than US $186bn in the next two decades to upgrade water and electricity production facilities and infrastructure projects related to the two sectors, according to reports by local media.
Adil Bushnaq, head of Saudi Water and Power Forum (SWPF), said, "The Kingdom is one of the leading countries in using water technologies and considered the biggest water desalination producing countries. This has made it imperative for the Kingdom to work out strategic plans to cut down desalination costs and increase products and services in this regard."
Bushnaq noted that demand on power and water in the Kingdom is poised to grow by 10 percent annually which, he said, is very high by global standards and constitutes a key challenge, which will consume all locally-produced fuels for the production of water and electricity in the next two decades if consumption continues at the current rates.